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Whoever asked this question is clearly dumb. Every product is sold at a different price for every product. Some may be $2.99 or $65.95. It all depends on the product.
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∙ 11y ago
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What is the amount paid for something?
Cost
What calculates the opportunity cost?
Opportunity cost is something for the next porpose.
If choosing something means you give up something else what is the economic term for this?
The economic term for the cost of a choice is the opportunity cost.
What are the relationship between cost and value?
The cost is the amount of money to produce something or to buy something, while value is the consumer's expectation of the product quality to the actual cost paid for it.
Is opportunity cost a relevant cost?
Yes, opportunity cost is a relevant cost because it can be used in something more productive.
Type of cost?
There is two things that mean cost. Cost can mean the pricing of something or it can me someone is paying the cost for doing something.
What is the amount paid for something?
Cost
If the private cost of owning something is lower the the social cost what can be done.?
This is an economic question. what if private cost of owning something is lower then the social cost what can be done, and how?
What is a cost in cost accounting?
COST is "the price paid for something."- Oxford Dictionary
What is the cost of an element?
It depends upon the element. If it something like Diamond, then the cost will definitely be a lot. And if it something like Iron, then the cost would be relatively less.
How does cost different from opportunity?
"cost" represents the money paid for something and "opportunity cost" is the value of the thing given up when one chooses something else.
What calculates the opportunity cost?
Opportunity cost is something for the next porpose.
How does cost differ from opportunity costs?
"cost" represents the money paid for something and "opportunity cost" is the value of the thing given up when one chooses something else.
What do you call the price of something?
cost
If choosing something means you give up something else what is the economic term for this?
The economic term for the cost of a choice is the opportunity cost.
What are the relationship between cost and value?
The cost is the amount of money to produce something or to buy something, while value is the consumer's expectation of the product quality to the actual cost paid for it.
Is opportunity cost a relevant cost?
Yes, opportunity cost is a relevant cost because it can be used in something more productive.
